73 sats \ 5 replies \ @SatsMate 28 Aug \ on: Majority of Americans Can No Longer Afford an Average House charts_and_numbers
Many people I know are just leaving the U.S. Who will be the buyer from all these boomers?
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37 sats \ 2 replies \ @Undisciplined 28 Aug
Who will be the buyer from all these boomers?
Eventually, they'll have to sell at lower prices. A couple of years ago, demand for homes decreased dramatically and led to much lower transaction volume. As boomers exhaust their savings, those homes will start moving at prices people can pay.
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35 sats \ 1 reply \ @SatsMate 29 Aug
Yea, I think prices will decline, but I think a lot of these homes will just be gifted to their children as many of the younger generation can't rub 2 sats together.
I believe it will be pretty drawn out though!
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0 sats \ 0 replies \ @Undisciplined 29 Aug
I'll be quite surprised if that happens. Boomers consume every resource available to them. They're going to be the first generation that inherits from their parents without passing anything down to their kids.
Those homes will be sold to cover lavish vacations, fancy cars, probably medical bills, and who knows what else. That's my expectation, anyway.
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5 sats \ 1 reply \ @Coinsreporter OP 28 Aug
Where are they moving to?
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0 sats \ 0 replies \ @SatsMate 29 Aug
Several people I know are moving to Thailand or Vietnam. I have a couple buddies that moved to Argentina and El Salvador as well.
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